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Hyderabad, TG, IN

IT Business Analyst

About the Role

Magnum is a software suite provided by Swiss Re to 60+ insurers across the globe to help them automate the risk assessment in their Life and Health insurance transactions. As a market leading software for automated underwriting worldwide, Magnum is catering to a steadily growing base of installed clients with dedicated teams across the world, from US to Europe and Asia.

We are seeking an IT Business Analyst with solid BA experience in implementation of strategic and complex projects for Magnum products and services. In order to maintain cutting-edge propositions and develop the next wave of innovations, we are looking for IT BA who are passionate about analysis, materialization of ideas and will assist us in evolving and maintaining our product and service offerings.

Key Responsibilities


  • Closely collaborate with Product Owner, Squad Lead and Chapter Lead, serve as a liaison between the business and technology teams 
  • Solicit business and system requirements using walk-through of use case scenarios, business process, activity workflow and data flow where required 
  • Write clear and concise requirements, ensuring that requirements are unambiguous, complete, consistent and verifiable 
  • Translate business requirements into functional requirements and specifications that have an appropriate level of details suitable for use by the technology team(s) 
  • Lead review sessions for completed business requirements with key business users to gain final business approval 
  • Verify that the solution meets the business, compliance, and technical requirements 
  • Participate in the development and planning of the User Acceptance Testing (UAT) activities, including test plans and scripts, and facilitate UAT execution phase and work with business lead and project coordinator to acquire UAT sign-off 

Your Qualifications & Experiences 

  • A Bachelor/master's degree in computer science or an equivalent experience 
  • 7+ Years of business and system analysis experience in (Re)insurance industry. Experience in Life & Health (Re)insurance automated Underwriting is an advantage 
  • Experience in data modelling techniques, data ingestion/ETL solutions and data & system integration via data exchanges and APIs is a plus. Understanding of JSON, XML and Postman nice to have 
  • Demonstrated ability to discover and describe the current state situation, understand strategic business goals, design and articulate future state, perform gap analysis and make recommendations to business leadership that meet goals and requirements 
  • Experience in documenting user-stories, process flows and data flows 
  • Experience in Agile/DevOps methodology to deliver SaaS products  
  • Good interpersonal skills and the ability to network in an interdisciplinary, multi-cultural environment and cross-functional teams 
  • Self-starter who is methodical and well-organized. Highly committed, upbeat, proficient and reliable 
  • Adaptable in multi-tasking and meeting deadlines in a delivery focused environment, flexible with working hours. Experience of leading multiple partners often with competing demands and deadlines 
  • Take ownership and drive topics forward. Team focus and orientation towards customers and results 

We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, colour, national origin, gender, including gender identity or expression, sexual orientation, age, marital status, veteran status, or disability status. Swiss Re offers modern work models and attractive workplaces that allow all employees to adapt to changing work preferences and life phases. 

We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.


About Swiss Re


Swiss Re is one of the world’s leading providers of reinsurance, insurance and other forms of insurance-based risk transfer, working to make the world more resilient. We anticipate and manage a wide variety of risks, from natural catastrophes and climate change to cybercrime. We cover both Property & Casualty and Life & Health. Combining experience with creative thinking and cutting-edge expertise, we create new opportunities and solutions for our clients. This is possible thanks to the collaboration of more than 14,000 employees across the world.

Our success depends on our ability to build an inclusive culture encouraging fresh perspectives and innovative thinking. We embrace a workplace where everyone has equal opportunities to thrive and develop professionally regardless of their age, gender, race, ethnicity, gender identity and/or expression, sexual orientation, physical or mental ability, skillset, thought or other characteristics. In our inclusive and flexible environment everyone can bring their authentic selves to work.



Reference Code: 122031 



Job Segment: Business Analyst, Underwriter, Finance, Insurance

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